Progress

Current status
adopted
26 Apr 2022 adopted

Scope

Implementers
Philippines
Policy Area
Other operating conditions
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national

Timeline of events

26 Apr 2022
adopted

Adopted pilot on Central Bank Digital Currency project

On 26 April 2022, the Philippino Central Bank announced the launch of its pilot wholesale central bank digital currency (CBDC). To promote the country's digital development, the project would test a CBDC for certain high-value transactions with a li…

Source
Event type order
Action type adoption
Government branch executive
Government body central bank